Ranawade had to be taken off the field in an ambulance during the ISL final between Mumbai and ATK Mohun Bagan at the Fatorda Stadium after a collision with Bagan's Subhasish Bose.
Mumbai are only the second team, after Bengaluru FC in 2018-19, to finish on top of the league and win the final in the same season.
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Both sides have won 12 games having recorded just four defeats in the league stages respectively.
Both teams failed to score in the regulation time and also the extra-time, after which the match was decided through penalties.
On Sunday, Mumbai City beat ATK Mohun Bagan 2-0 in the final league encounter of the ongoing ISL to win the League Winners Shield and book a place in the coveted ACL for the next season.
Sergio Lobera's side comfortably won after first-half goals from Mourtada Fall (7th minute) and Bartholomew Ogbeche (39th).
It was the highest-scoring game of the season and Mumbai had the biggest-winning margin yet.
With leaders ATK Mohun Bagan dropping points against Hyderabad, all eyes will be on Sergio Lobera's Mumbai City to see if they can manage a win and take the race for the League Winners Shield to the final day of the season.
Mumbai took the lead through Hugo Boumous (20th minute) and Adam Le Fondre (26th minute) but goals from Glan Martins (45th minute) and Igor Angulo (51st minute) made it all square for FC Goa.
Both teams will be eager to prove a point as they go head-to-head again.
Mumbai grabbed the lead through Bartholomew Ogbeche (21st minute) but his goal was cancelled out by Esmael Goncalves (76th) as Chennaiyin rallied to earn a hard-fought point.
The Islanders have managed to record eight wins in 10 games and collect 25 points, to sit on top of the table. But it's the team's improving performance that matters to coach Sergio Lobera.
Mumbai City are now five points clear at the top of the standings over the second-placed Mariners right at the halfway stage of the league.
ATK Mohun Bagan are two points adrift of Mumbai City with six wins, two draws and one loss. They are also on a five-match unbeaten streak.
Goals from Mourtada Fall (9'), Bipin Singh (15') and Bartholomew Ogbeche (84') helped the Islanders remain unbeaten in their last eight games and climb to the top of the table.
Both teams made a couple of changes to their line-ups, Boumous and Mandar Rao Dessai returned to Sergio Lobera's starting XI while for Kerala, Costa Nhamoinesu and Lalthathanga Khawlhring were named ahead of Abdul Hakku and Rahul KP.
After losing to NorthEast United in their opening match in November, Mumbai City have been on a six-match unbeaten streak, with victories on five occasions
In a match where both sides struggle to create clear-cut chances, Vignesh's acrobatic 38th-minute strike stood out as a genuine quality moment.
Adam Le Fondre smashed in a 75th-minute winner after Hernan Santana (45th) had cancelled Jakub Sylvestr’s first goal.
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